Q4 Earnings Forecast for APA Issued By Capital One Financial

APA Co. (NASDAQ:APA) – Stock analysts at Capital One Financial increased their Q4 2024 earnings estimates for APA in a research report issued to clients and investors on Wednesday, November 13th. Capital One Financial analyst B. Velie now anticipates that the company will post earnings per share of $1.10 for the quarter, up from their previous estimate of $0.80. The consensus estimate for APA’s current full-year earnings is $3.97 per share. Capital One Financial also issued estimates for APA’s Q1 2025 earnings at $0.31 EPS, Q2 2025 earnings at $0.29 EPS, Q3 2025 earnings at $0.30 EPS, Q4 2025 earnings at $0.31 EPS and FY2025 earnings at $1.20 EPS.

Other equities research analysts have also recently issued research reports about the company. Wells Fargo & Company decreased their price target on APA from $49.00 to $47.00 and set an “overweight” rating for the company in a research note on Tuesday, October 1st. Royal Bank of Canada lowered their price target on shares of APA from $34.00 to $32.00 and set a “sector perform” rating for the company in a report on Monday, November 11th. Evercore ISI reduced their price objective on shares of APA from $39.00 to $33.00 and set an “in-line” rating on the stock in a research note on Monday, September 30th. Piper Sandler decreased their target price on APA from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Monday. Finally, JPMorgan Chase & Co. reduced their price objective on shares of APA from $29.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $32.81.

APA Stock Performance

NASDAQ APA opened at $22.46 on Monday. The company has a market capitalization of $8.31 billion, a price-to-earnings ratio of 3.17 and a beta of 3.24. APA has a twelve month low of $21.15 and a twelve month high of $37.82. The stock has a fifty day simple moving average of $24.46 and a 200 day simple moving average of $27.60. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03.

Hedge Funds Weigh In On APA

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in APA by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 44,648,084 shares of the company’s stock worth $1,535,001,000 after acquiring an additional 2,004,555 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in shares of APA by 12.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 30,471,834 shares of the company’s stock valued at $745,341,000 after purchasing an additional 3,411,270 shares during the period. Harris Associates L P raised its position in shares of APA by 20.8% in the third quarter. Harris Associates L P now owns 24,914,700 shares of the company’s stock valued at $609,414,000 after purchasing an additional 4,293,932 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of APA by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,991,513 shares of the company’s stock valued at $293,312,000 after buying an additional 485,291 shares in the last quarter. Finally, Smead Capital Management Inc. boosted its holdings in APA by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 9,667,452 shares of the company’s stock worth $236,466,000 after buying an additional 326,042 shares during the period. Institutional investors own 83.01% of the company’s stock.

APA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Tuesday, October 22nd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date is Tuesday, October 22nd. APA’s payout ratio is currently 14.12%.

APA Company Profile

APA Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. It has oil and gas operations in the United States, Egypt, and North Sea. The company also has exploration and appraisal activities in Suriname, as well as holds interests in projects located in Uruguay and internationally.